Brett Resources Inc. Announces $21.0 Million "Bought Deal" Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Brett Resources Inc. (TSX VENTURE:BBR)("Brett" or the "Corporation") is pleased
to announce that it has entered into an agreement with Dundee Securities
Corporation ("Dundee Securities") and a syndicate of underwriters (the
"Underwriters"), under which the Underwriters have agreed to purchase on an
underwritten basis 10,000,000 common shares (the "Common Shares") of Brett at a
price of $2.10 per Common Share for total gross proceeds to Brett of
$21,000,000. Under the agreement, the Underwriters have an over-allotment option
to purchase up to an additional $3,150,000 of Common Shares, which if exercised
in full will result in gross proceeds of $24,150,000. The proceeds of the
offering shall be used primarily for general and administrative expenses and for
working capital.


The Common Shares to be sold under the agreement will be offered by way of a
short form prospectus in the Provinces of British Columbia, Alberta and Ontario
and the Common Shares to be sold under this offering will be offered in the
United States on a private placement basis pursuant to an exemption from the
registration requirements of the United States Securities Act of 1933, as
amended. 


The offering is scheduled to close on February 4, 2010 and is subject to certain
conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange and other
applicable securities regulatory authorities.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the securities in any state in
which such offer, solicitation or sale would be unlawful. The securities have
not been registered under the United States Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.